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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48,642 $ 35,277
Short-term investments 240,596 268,339
Accounts receivable 3,617 1,205
Inventory, net 16,238 16,101
Other current assets 10,743 9,779
Total current assets 319,836 330,701
Property, plant and equipment, net 17,475 18,856
Long-term investments 36,778 25,825
Operating lease right-of-use assets 17,267 18,007
Other assets 4,656 4,644
Total assets 396,012 398,033
Current liabilities:    
Accounts payable 8,757 9,848
Accrued expenses 24,281 22,162
Operating lease liabilities, current portion 19,368 19,259
Total current liabilities 52,406 51,269
Operating lease liabilities, less current portion 94,710 98,517
Liabilities related to the sales of future royalties, net 117,857 112,625
Other long-term liabilities 4,334 4,635
Total liabilities 269,307 267,046
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at March 31, 2024 or December 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 191,909 shares and 191,384 shares issued at March 31, 2024 and December 31, 2023, respectively; 183,624 shares and 191,384 shares outstanding at March 31, 2024 and December 31, 2023, respectively; 19 19
Capital in excess of par value 3,644,140 3,608,137
Treasury stock, at cost; 8,285 shares as of March 31, 2024 and none as of December 31, 2023, respectively (3,000) 0
Accumulated other comprehensive income (loss) (403) 80
Accumulated deficit (3,514,051) (3,477,249)
Total stockholders’ equity 126,705 130,987
Total liabilities and stockholders’ equity $ 396,012 $ 398,033